Q2 Holdings Inc (NYSE:QTWO) CFO Jennifer Noel Harris sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $80.92, for a total transaction of $1,213,800.00. Following the sale, the chief financial officer now owns 129,865 shares of the company’s stock, valued at approximately $10,508,675.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of QTWO traded down $1.37 on Wednesday, hitting $80.20. The company’s stock had a trading volume of 630,656 shares, compared to its average volume of 410,880. The firm’s fifty day moving average price is $85.51 and its 200-day moving average price is $75.76. Q2 Holdings Inc has a fifty-two week low of $43.41 and a fifty-two week high of $93.63. The company has a quick ratio of 6.72, a current ratio of 6.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -216.76 and a beta of 1.31.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, August 7th. The technology company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.01. The firm had revenue of $77.60 million for the quarter, compared to the consensus estimate of $76.10 million. Q2 had a negative net margin of 20.73% and a negative return on equity of 13.40%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. As a group, equities analysts predict that Q2 Holdings Inc will post -0.66 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Q2 by 67.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock worth $29,000 after buying an additional 155 shares during the period. Tortoise Index Solutions LLC bought a new stake in shares of Q2 during the first quarter valued at approximately $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Q2 during the second quarter valued at approximately $42,000. Marshall Wace North America L.P. raised its position in shares of Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock worth $125,000 after purchasing an additional 812 shares during the period. Finally, Steelhead Partners LLC acquired a new position in shares of Q2 during the second quarter worth approximately $137,000.
QTWO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Q2 from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. KeyCorp raised their target price on Q2 from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Zacks Investment Research upgraded Q2 from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. BTIG Research reaffirmed a “hold” rating on shares of Q2 in a research note on Sunday, August 11th. Finally, Compass Point assumed coverage on shares of Q2 in a research report on Tuesday, August 13th. They issued a “buy” rating and a $105.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Q2 has a consensus rating of “Buy” and an average target price of $79.98.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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